This week, Equity Housing Group, a social housing provider based in Manchester, has opened two new housing developments in High Peak.
The Derbyshire based developments comprise of Surrey Street in Glossop, a 51-property portfolio owned by Equity Housing Group, and 14 two and three-bedroom properties at Forge Manor in Chinley, acquired via Section 106. The developments, built by Westleigh Homes and Wainhomes respectively, will address the lack of affordable housing within the area.
Due to its rural location, High Peak has suffered from a low wage economy. Its close proximity to Greater Manchester has also resulted in a large number of commuters residing in the area, inflating house prices within the Borough. This distinct need for affordable homes is being addressed by Equity Housing Group’s 65 new affordable properties.
All of the Surrey Street development will be affordable rent properties, while 60% of the Forge Manor properties are offered as affordable rent and 40% will be sold via shared ownership. Residents will move into the properties in May.
Collette King, chief executive at Equity Housing Group, said:
“At Equity Housing Group, we don’t just build properties, we create communities, with the new developments in High Peak being no different. From affordable rented accommodation to shared ownership, Equity Housing Group has a diverse portfolio of properties and the High Peak developments exemplifies this.We’re looking forward to seeing residents move into Surrey Street and Forge Manor and working with them to create strong communities.”
Councillor Julie McCabe, Executive Councillor for Housing and Communities at High Peak Borough Council, said:
“Our homes are the foundation on which we build our lives and affordable housing is key to our residents living healthy and productive lives so I’m delighted that these two new developments are now open. They are a very welcome addition to the range of housing options available in the borough and I hope all those who occupy these properties are very happy in their new homes.”
Gary Turner, Partnership and Investment Director for Westleigh, said:
“We are delighted to be playing a part in providing these much-needed affordable homes for the benefit of people in High Peak. These homes are going some way towards addressing the shortage of affordable properties in the local area. We would like to thank our partners at both High Peak District Council and Equity Housing Group for helping us to make the scheme a success.”